Catenaa, Saturday, October 11, 2025-BitMine Immersion Technologies (BMNR) has raised its Ethereum treasury to 2.83 million ETH, marking a rapid accumulation of roughly 180,000 ETH valued at $821 million over the past week.
The company’s combined crypto and cash assets now total $13.4 billion, cementing its position as the largest corporate Ethereum holder.
The surge follows BitMine’s September 29 disclosure of 2.65 million ETH, part of an ongoing strategy to amass up to 5% of Ethereum’s total supply.
Chairman Tom Lee has emphasized the role of Ethereum in financial-market infrastructure and AI workloads as central to the firm’s long-term treasury approach.
Ethereum’s recent market surge has boosted the dollar value of BitMine’s holdings, with ETH trading around $4,570 at the time of reporting, up over 10% in the past week.
BitMine remains second among corporate crypto treasuries overall, trailing only Strategy, which holds the largest bitcoin reserves.
The company’s aggressive accumulation mirrors a trend among publicly listed firms increasingly treating cryptocurrencies as core balance-sheet assets.
Analysts suggest that corporate ETH treasuries are playing an influential role in both digital asset markets and broader institutional adoption of blockchain technologies.
